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While the amount of funding in the late stage almost tripled to $458 million from $149 million in May last year, investors made only four investments in May, over eight deals in the year-ago period.
Over the last 12-15 months, investors such as Blume Ventures, Leo Capital and new entrants like Synapses have been betting on climate tech startups. Even global investors are looking to invest in climate tech companies.
The Indian climate tech sector is rapidly attracting investment from both domestic and global venture capital...
Happy Tuesday! Despite deal activity in late-stage startups showing signs of a revival, new unicorns arent being birthed. This and more in todays edition of ETtech Morning Dispatch.
Investors are going back to the same list of startups they have already backed to write bigger cheques leading to new unicorn sightings becoming rare. Only Perfios and Ola founder Bhavish Aggarwals Krutrim AI have become unicorns so far in 2024, and the number was the same for the whole of 2023.